#5 - Advanced Micro Devices (NASDAQ:AMD)
Advanced Micro Devices (NASDAQ: AMD) - Has the opportunity to profit on AMD come and gone? It's hard to say. AMD's stock was the top stock on the S&P 500 for 2018, and the stock continues to show strength. Through the first quarter of 2019, AMD remains in the top five of the S&P 500. What is becoming clear is that this tiny semiconductor company is now gaining market share in the CPU and GPU markets. While it's hard to call a $30 billion company a small company, it is playing in a sector with competitors that are valued at $100 billion. That disparity makes the math pretty simple, and compelling, for investors. If AMD can continue to grow their market share the stock will have plenty of room to run. The concern and the risk is in the company’s valuation. Even if some analysts assume the company’s most aggressive growth forecasts are accurate, the stock is currently bumping up against the top limit of their price target. This would suggest that a correction could be in the works. But when and how much are questions that are yet to be answered. A positive earnings report may spur the stock even higher.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
Read More - Current Price
- $137.21
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $192.79 (40.5% Upside)
